Individual Tax and Accounting services
Salary earning individuals
- Individual tax returns with Medical Aid and/or Pension fund.
Freelancers and Commision Earning Individuals
- Individual Tax returns and Tax deductions
- Individual accounting or bookkeeping
- Provisional tax (x2)
- SARS
Sole Proprietors
- Individual Income statement, Tax returns
- Car allowance and Business deductions
- We preoare monthly payroll, UIF payments and VAT payments where required.
Partnership
- Income tax of partners
- Monthly payroll, UIF
- Provisional tax
- VAT
Company Tax
Monthly PAYE, UIF and SDL
On a monthly basis companies are required to submit and pay Employer tax deductions on salary and wages over to SARS. We prepare these calculations for clients and do the submissions on their behalf.
Value Added Tax
Companies with a turnover of more than R50 000 per annum are allowed to voluntarily register for tax. Where the company reaches R1 million, it is compulsory to register for VAT.
Annual Taxes and Provisional taxes
Companies are required to pay annual taxes at a tax rate of 28% on profit to SARS. This payment is split in that after 6 months of operating the company is required to pay the first provisional tax payment based on an estimated annual income for the year. At the end of the year the second payment gets done. If any top payment is required it will be done within 6months of year end when financial statements have to be finalized.